Word: markets
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...University decides to adopt this approach, co-development would require a delicate touch. Harvard would need to pin down its academic and financial goals, find a suitable partner, and enter the market at the right time...
There are two important pieces of advice that the Undergraduate Council and I would like to give you. The first is to view failure as an opportunity for learning. If you could learn even the tiniest bit from your colossal failures then the Valium black market in University Hall could be cut in half. Those guys really do try, but they are only human...
...around the issue of economic redistribution. There was a strong sense that poverty and extreme inequality were detrimental to citizens’ participation in social life. In terms of this dimension of social development, theorists and policy-makers over the last generation have debated the role of state versus market-oriented development...
...arguments used by the advocates of market deregulation has been that the level of economic output has to increase in order to have enough goods to re-distribute. This line of reasoning continues with the assertion that since state intervention was presumed to distort market activity, there was a need to substantially reduce regulation in all sectors. It goes without saying that the limitations of this argument have come to the foreground in the context of the recent financial crisis...
...proposal for a participatory budget process destabilizes the standard conception of the political debate: Conservatives who advocate for more market versus progressives who advocate for more state. The participatory budget process implicitly suggests that both the market and the state have to be supervised by the broader public. Simply having the market discipline the state or the state regulate the market does not solve the more profound need for the public to have the capacity to shape social decisions without those choices distorted by the excesses of economic shortsightedness or bureaucratic centralization. Participatory budgeting offers us a solution that goes...